Wilton Simpson Chris Sprowls President of the Senate Speaker of the House of Representatives
April 27, 2021
The Honorable Wilton Simpson President of the Senate
The Honorable Chris Sprowls Speaker, House of Representatives
Dear Mr. President and Mr. Speaker:
Your Conference Committee on the disagreeing votes of the two houses on SB 7018, same being:
An act relating to Employer Contributions to Fund Retiree Benefits. having met, and after full and free conference, do recommend to their respective houses as follows:
1. That the House of Representatives recede from its Amendment 700647. 2. That the Senate and House of Representatives adopt the Conference Committee Amendment attached hereto, and by reference made a part of this report.
The Honorable Wilton Simpson The Honorable Chris Sprowls April 27, 2021 Page 2
Senator Kelli Stargel, Chair Senator Ben Albritton
Senator Loranne Ausley Senator Dennis Baxley
Senator Aaron Bean, At Large Senator Lori Berman
Senator Lauren Book, At Large Senator Jim Boyd
Senator Randolph Bracy Senator Jennifer Bradley
Senator Jeff Brandes Senator Jason Brodeur
Senator Doug Broxson Senator Danny Burgess
Senator Janet Cruz Senator Manny Diaz Jr.
Senator Gary M. Farmer Jr., At Large Senator George B. Gainer
Senator Ileana Garcia Senator Audrey Gibson, At Large
Senator Joe Gruters Senator Gayle Harrell
Senator Ed Hooper Senator Travis Hutson
Senator Shevrin D. Jones Senator Debbie Mayfield, At Large
Senator Kathleen Passidomo, At Large Senator Keith Perry, At Large
Senator Jason W. B. Pizzo Senator Tina Scott Polsky
Senator Bobby Powell Senator Ray Wesley Rodrigues
Senator Ana Maria Rodriguez Senator Darryl Ervin Rouson, At Large
Senator Linda Stewart Senator Annette Taddeo
SB 7018 The Honorable Wilton Simpson The Honorable Chris Sprowls April 27, 2021 Page 3
Senator Perry E. Thurston Jr. Senator Victor M. Torres Jr.
Senator Tom A. Wright
Conferees on the part of the Senate
SB 7018 The Honorable Wilton Simpson The Honorable Chris Sprowls April 27, 2021 Page 4
Representative Jay Trumbull, Chair Representative Ramon Alexander, At Large
Representative Bryan Avila, At Large Representative Colleen Burton, At Large
Representative James Bush, At Large Representative Ben Diamond, At Large
Representative Brad Drake, At Large Representative Bobby B. DuBose, At Large
Representative Nicholas X. Duran, At Large Representative Anna V. Eskamani, At Large
Representative Randy Fine, At Large Representative Joseph Geller, At Large
Representative Erin Grall, At Large Representative Michael Grant, At Large
Representative Blaise Ingoglia, At Large Representative Evan Jenne, At Large
Representative Chris Latvala, At Large Representative Thomas J. Leek, At Large
Representative Ralph E. Massullo, MD, At Large Representative Lawrence McClure, At Large
Representative Anika Tene Omphroy, At Large Representative Bobby Payne, At Large
Representative Daniel Perez, At Large Representative Scott Plakon, At Large
Representative Rene Plasencia, At Large Representative Paul Renner, At Large
Representative Rick Roth, At Large Representative Emily Slosberg, At Large
Representative Cyndi Stevenson, At Large Representative Josie Tomkow, At Large
Representative Matt Willhite, At Large Representative Patricia H. Williams, At Large
Representative Jayer Williamson, At Large
Managers on the part of the House of Representatives
SB 7018 SUMMARY OF CONFERENCE COMMITTEE ACTION Page 5 April 27, 2021 The Conference Committee Amendment for SB 7018, relating to Employer Contributions to Fund Retiree Benefits, establishes the contribution rates paid by employers participating in the Florida Retirement System (FRS) beginning July 1, 2021. These rates are intended to fund the full normal cost and the amortization of the unfunded actuarial liability of the FRS. With these modifications to employer contribution rates, the FRS Trust Fund will receive roughly $373.5 million more in revenue on an annual basis beginning July 1, 2021. The public employers that will incur these additional costs are state agencies, state universities and colleges, school districts, counties, municipalities, and other governmental entities that participate in the FRS.
The bill will have a fiscal impact on state funds appropriated by the Legislature for employee salaries and benefits. The bill will increase the amounts, in the aggregate, employers participating in the FRS must pay for retiree benefits.
SB 7018